Govt efforts to bring investment in Pakistan are yielding positive results,
says minister
A delegation of representatives from China’s top textile companies met
Provincial Minister for Industry, Trade, Information & Culture Mian Aslam
Iqbal on Sunday.
The objective of the meeting was their keen interest in developing business
in the textile sector of Punjab that would change the economic landscape of
the country. Head of the Chinese companies showed a keen interest in
making investments in the textile sector of Punjab.
They said that Punjab is a very attractive place for investment and our
companies will invest here. The Industries Minister welcomed the delegation
and said the government is focusing on promoting export-led industry and
import substitution for sustainable economic growth.
He stated that China can help increase Pakistan’s exports by relocating
export-oriented industries and initiating joint ventures in various fields.
The minister said that this will boost industrial cooperation besides
strengthening the bilateral economic partnership between the two countries.
While talking to media, the minister said textile sector is a big sector of
Pakistan and there are vast opportunities of investment in this sector. Special
economic zones are being set up in various parts of the province and Chinese
investors may invest in these special economic zones.
“We want to take benefits from Chinese technology and enhance industrial
cooperation between the two countries,” he said.
He said that these companies had also met with the prime minister and
briefed him about their investment projects. He said that efforts of Prime
Minister for bringing investment in Pakistan are yielding positive results and
big number of foreign investors coming here for investment.
Mian Aslam Iqbal said a garment city spread over 400-acre land is being
established at Kasur road, a Chinese company China Railway will invest 500
million dollars in this garment city which will produce 3000 job
opportunities. He said that investors of Saudi Arabia, Singapore, Qatar and
from other countries are investing in special economic zones. New
investment is the hope of a bright future of Pakistan. Steps are being taken
for ease of doing business.
Answering to a question, Mian Aslam Iqbal said, “We did not forbid anyone
to hold meeting but there is the decision of High Court which prohibited to
take procession on The Road. We cannot allow to create problems for the
people by blocking roads with a few people.” He said that opposition can
protest if it has any objection on the working of PTI government but no one
will be allowed to make speech against Pakistan and its institutions. Later,
The provincial minister visited model bazaar Gulshan Ravi and reviewed the
arrangements and checked the prices and quality of the essential items. He
said that model bazaars have been set up to provide daily use items at
subsidized rates. He directed to monitor the model bazaars regularly.
Commissioner Lahore division was also accompanied the Minister.
Source: The Dawn, Pakistan Monday, 29 July 2019